KUALA LUMPUR, Jan 8 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) reversed yesterday’s gains to close lower on Wednesday as investors took profit amid the negative performance of regional peers. At 5 pm, the FBM KLCI fell 14.96 points or 0.92 per cent to end at its intraday low of 1,614.83 from Tuesday’s close of 1,629.79. The benchmark index opened 0.87 of-a-point easier at 1,628.92 and hit an intraday high of 1,631.15 during the early morning session. Decliners trounced advancers 827 to 285 on the broader market, while 497 counters were unchanged, 761 untraded, and 10 others suspended. Turnover narrowed to 3.59 billion units valued at RM3.06 billion against Tuesday’s 3.91 billion units valued at RM3.29 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan noted that major Asian indices followed Wall Street’s downbeat performance, driven by t...
KUALA LUMPUR (Jan 20): Bursa Malaysia’s benchmark index ended slightly lower by 0.17% on Thursday (Jan 20) on continuous selling in heavyweights led by Malayan Banking Bhd (Maybank), Public Bank Bhd and Petronas Chemicals Group Bhd.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 2.58 points to 1,527.75 from 1,530.33 at Wednesday’s close after opening 0.89 of-a-point easier at 1,529.44.
The key index fluctuated between 1,525.45 and 1,532.82 throughout the trading session.
The overall market breadth, however, was positive with advancers outpacing decliners 518 to 402, while 416 counters were unchanged, 913 untraded, and 27 others suspended.
Total turnover eased to 3.39 billion units worth RM2.25 billion from Wednesday’s 3.57 billion units worth RM2.61 billion.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI hovered around its 1,530 support level on Thursday and the online stockbroking firm reckoned the accumulation of stocks to persist on dips.
“We continue to maintain our cautiously optimistic view and expect bargain-hunting activities to emerge, while on the other hand, we remain cautious given the increasing market volatility around the world.
“As such, we expect the benchmark index to trade within the 1,530-1,540 range towards the weekend,” he told Bernama.
Bank Negara Malaysia on Thursday maintained the overnight policy rate at 1.75% during its first Monetary Policy Committee meeting in 2022.
Heavyweights Maybank declined four sen to RM8.24, Public Bank and IHH Healthcare Bhd fell one sen each to RM4.17 and RM6.55, respectively, while Petronas Chemicals slipped three sen to RM8.95 and CIMB Group Holdings Bhd trimmed eight sen to RM5.25.
Meanwhile, Press Metal Aluminium Holdings Bhd soared 24 sen to RM6.12, Petronas Gas Bhd rose eight sen to RM16.82 and Tenaga Nasional Bhd was flat at RM9.07.
Of the actives, ACE market debutant Coraza Integrated Technology Bhd soared 36.5 sen to 64.5 sen, Dagang NeXchange Bhd increased 5.5 sen to 96.5 sen, G3 Global Bhd and MMAG Holdings Bhd were both flat at eight sen respectively, while Ageson Bhd slipped one sen to 2.5 sen and SMTrack Bhd inched down half-a-sen to 22 sen.
On the index board, the FBM Emas Index rose 5.99 points to 10,980.61, the FBM Emas Shariah Index expanded 33.26 points to 11,702.35, the FBM ACE advanced 69.57 points to 6,161.13, the FBM 70 went up 76.51 points to 13,565.3, and the FBMT 100 Index slipped 0.46 of-a-point to 10,685.22.
Sector-wise, the Financial Services Index decreased 65.78 points to 15,778.83, the Industrial Products and Services Index was 2.19 points higher at 201.24, while the Plantation Index added 8.07 points to 6,678.99.
The Main Market volume went down to 2.11 billion shares worth RM1.88 billion from 2.35 billion shares worth RM2.37 billion on Wednesday.
Warrants turnover improved to 378.96 million units worth RM43.54 million from 260.14 million units worth RM25.76 million on Wednesday.
The ACE Market volume dwindled to 897.06 million shares worth RM324.49 million against Wednesday’s 953.68 million shares worth RM212.41 million.
Consumer products and services counters accounted for 498.54 million shares traded on the Main Market, industrial products and services (409.57 million), construction (214.79 million), technology (455.39 million), SPAC (nil), financial services (67.73 million), property (165.81 million), plantation (12.61 million), REITs (7.52 million), closed/fund (7,000), energy (154.02 million), healthcare (41.41 million), telecommunications and media (32.42 million), transportation and logistics (24.05 million), and utilities (25.14 million).
Source: The Edge
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